RE:CIBCA disappointing reaction on the markets but not totally unexpected.
Debt reduction is job #1 in the survival game and it is dropping by about $350M per month. We are already one month into the new quarter with great oil prices so CVE should be sitting right at 12B in debt as of now--that's a 10% drop in debt in 4 months--surely a step in the right direction.
If prices hang in there for another year then next summer the goal of $8 Billion in debt willl have been achieved--not exciting but much more reasonable than the mamoth 13B+ that we had. Some asset sales would sure be nice but hard to say if anything major develops in the next 12 months. My guess is some smaller deals but no market shakers.